Sykes Enterprises (SYKE) Earns Hold Rating from Barrington Research

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Barrington Research restated their hold rating on shares of Sykes Enterprises (NASDAQ:SYKE) in a research note published on Tuesday.

Other analysts also recently issued research reports about the company. SunTrust Banks reaffirmed a buy rating and set a $36.00 price objective on shares of Sykes Enterprises in a research note on Friday, July 27th. BidaskClub raised Sykes Enterprises from a hold rating to a buy rating in a research note on Tuesday, October 23rd. TheStreet downgraded Sykes Enterprises from a b- rating to a c+ rating in a research note on Tuesday, August 21st. Finally, ValuEngine raised Sykes Enterprises from a sell rating to a hold rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $33.00.

Sykes Enterprises stock traded up $0.29 during mid-day trading on Tuesday, hitting $28.55. 166,790 shares of the company’s stock were exchanged, compared to its average volume of 150,442. The company has a market capitalization of $1.22 billion, a PE ratio of 14.28, a PEG ratio of 1.36 and a beta of 0.65. Sykes Enterprises has a fifty-two week low of $25.90 and a fifty-two week high of $32.15. The company has a current ratio of 2.74, a quick ratio of 2.90 and a debt-to-equity ratio of 0.10.

Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings data on Monday, November 5th. The information technology services provider reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The business had revenue of $399.30 million for the quarter, compared to the consensus estimate of $404.79 million. Sykes Enterprises had a return on equity of 10.08% and a net margin of 0.91%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. Analysts predict that Sykes Enterprises will post 2.11 EPS for the current fiscal year.

In related news, VP James T. Holder sold 8,300 shares of Sykes Enterprises stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $30.05, for a total value of $249,415.00. Following the sale, the vice president now owns 19,706 shares of the company’s stock, valued at $592,165.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Sykes Enterprises by 3.9% during the third quarter. BlackRock Inc. now owns 5,695,980 shares of the information technology services provider’s stock worth $173,671,000 after purchasing an additional 211,659 shares during the period. Wells Fargo & Company MN grew its holdings in Sykes Enterprises by 0.5% during the second quarter. Wells Fargo & Company MN now owns 1,209,615 shares of the information technology services provider’s stock worth $34,813,000 after purchasing an additional 5,839 shares during the period. Northern Trust Corp grew its holdings in Sykes Enterprises by 5.8% during the second quarter. Northern Trust Corp now owns 854,068 shares of the information technology services provider’s stock worth $24,580,000 after purchasing an additional 46,678 shares during the period. River Road Asset Management LLC grew its holdings in Sykes Enterprises by 23.9% during the third quarter. River Road Asset Management LLC now owns 673,392 shares of the information technology services provider’s stock worth $20,532,000 after purchasing an additional 129,993 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Sykes Enterprises by 14.3% during the second quarter. Renaissance Technologies LLC now owns 606,473 shares of the information technology services provider’s stock worth $17,454,000 after purchasing an additional 75,973 shares during the period. Institutional investors and hedge funds own 87.55% of the company’s stock.

Sykes Enterprises Company Profile

Sykes Enterprises, Incorporated, together with its subsidiaries, provides multichannel demand generation and global customer engagement services. Its customer care services include handling billing inquiries and claims, activating customer accounts, resolving complaints, cross-selling/up-selling, and prequalifying and warranty management, as well as providing health information and dispatching roadside assistance.

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